Pre-Budget rally on cards; banks, infra stocks may shine: Pankaj Pandey

Sectors like FMCG and auto could be the first to recover from the demonetisation pain

With less than a month before Finance Minister Arun Jaitely presents Union Budget for 2017-18, a pre-Budget rally, led by banking, infratructure and capital goods stocks, may be in the offing, believes PANKAJ PANDEY, who heads retail research at ICICI Securities. In an interview with Aprajita Sharma, Pandey extensively talks about the aftermath of the government’s move to demonetise high-denomination currency notes, and says sectors like FMCG and automobile could be the first to recover from the demonetisation pain. 

Do you expect a pre-Budget rally in the market? 

After the anticipated aftermath of demonetisation, all eyes will be on the